Fundraising Fox
Marathon Ventures
Venture capitalPre-Seed–Seed · 5 people tracked
Not to be confused with Marathon Ventures (Venture capital · Miami, US)
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Investment thesis
Marathon Ventures invests at the earliest stage in product builders redesigning industries across emerging markets, with a particular focus on B2B solutions in Latin America. The firm believes seed investment is about building strong foundations and offers a '360 support approach,' providing relationships and connections to the broader LatAm business community to help founders build faster and increase their chances of success. It aims to back the region's top talent and drive innovation, social mobility, and economic growth throughout Latin America.
Source: firm website, verified Sep 27, 2026.
Team · 5 people
from the firm's website & curated & public directoriesWhat they invest in
from 21 of 29 portfolio companiesAI & Machine Learning ×6Enterprise Software ×5E-commerce ×4Fintech ×4SaaS ×4Consumer ×3Healthtech ×3Marketplaces ×3
HQs:Colombia×6Mexico×5Brazil×2United States×2
Who they back
founder profiles across 14 portfolio companiesFounding team size:solo founder×62 founders×13 founders×64+ founders×1
Where their founders studiedfrom 22 founders with education data
CESA ×3Stanford University Graduate School of Business ×3Universidad de Los Andes ×3Latitud ×2Northwestern University - Kellogg School of Management ×2The Wharton School ×2Universidad de 'San Andrés' ×2Universidad Externado de Colombia ×2
What their founders studiedfrom 18 founders with field-of-study data
Business & Management ×9Engineering ×4Computer Science ×2Economics ×2
Where their founders worked beforefrom 24 founders with career history
Rappi ×6Uber ×3Endeavor Catalyst ×2SAP ×2Tiendanube ×2
Accelerator rootsportfolio companies that came through a program
8 hold an MBA (of 22 with degree data)
Investments · 29 tracked
founders shown can be your intro pathBy year:2024 · 12023 · 32022 · 22019 · 17 dated
BACU offers balanced prepared meals inspired by world cuisine, sold to consumers alongside a line of ceremonial-grade matcha drinks.
ConsumerDirect to ConsumerFoodTechBogotá, CO
Juan Osuna(Founder)Andrew Clarkson(Founder)inStephanie Gómez Cardoso(Founder)in
Co-investorsLatin LeapBenchstrength PartnersHOF CapitalHTwentyKamay VenturesReshape+1 more
Bia is a technology-driven electricity retailer in Colombia that lets businesses switch their energy provider and replace traditional meters with its proprietary BiaMonitor smart meter.
CleantechEnergyIoTBogota, CO
Sebastian Ruales(Founder)inGuillermo Plaza Roche(Director)Leonardo Velazquez Florez(Director)Juan Sebastian Ruales Duque(Director)Jaime E. Zunzunegui(Director)in
BoardNicolas Berman(Director)in
Co-investorsRA CapitalBBVA SPARKIDB LabKaszek VenturesNazcaNorte Ventures+4 more
Platform automating IT infrastructure operations to help founders and IT professionals accelerate deployment and reduce costs.
Careers-page.com is a service by Manatal for creating, customizing, and publishing company career pages.
Future of WorkHR TechSaaS
Causaly builds an agentic AI platform for life sciences R&D that retrieves and reasons over scientific evidence, using a scientific knowledge graph and specialized AI agents to support target identification, indication discovery, and regulatory evidence validation.
AI & Machine LearningBiotechHealthtechLondon
Yiannis Kiachopoulos(Founder)inArtur Saudabayev(Executive Officer, Director)Joannis Kiahopoulos(Executive Officer, Director)
BoardMarc Moens(Director)inGeorgios Tziralis(Director)Carlos Gonzalez-Cadenas(Director)in
Co-investorsEBRD Venture Capital Investment ProgrammeEmerge EducationICONIQIndex VenturesMarathon Venture CapitalPentech Ventures+4 more
Cobre operates a payments platform for businesses in Latin America, offering local instant payments in Colombia and Mexico, cross-border payments, bank account aggregation, and stablecoin on-ramp/off-ramp and payouts over its own infrastructure.
Crypto & Web3Enterprise SoftwareFintechBogotá, CO
Felipe Gedeon(Cofundador y CRO)inJose V. Gedeon(Cofundador y CEO)inAlberto Chejne(Cofundador, Director de Segmento Financiero)inJose Donato(Cofundador y CTO)in
Co-investorsKaszek VenturesOak HC/FTQED InvestorsCanary
Vertical software helping mining companies reduce costs and increase efficiency through smarter parts management.
Co-investorsBlack Nova VC
Estoca provides software and logistics services that help D2C e-commerce brands in Latin America manage warehousing, fulfillment, and delivery operations more efficiently.
E-commerceEnterprise SoftwareLogistics & Supply ChainSão Paulo, BR
Caio Almeida(Founder)inRodrigo Cava(Founder)inRodrigo Cava Pereira(Executive Officer, Director)
Co-investorsAstellaFJ LabsK50 VenturesY Combinator8VCCanary+2 more
Extendeal offers a platform focused on the pharmacy sector, helping pharmacies with purchasing efficiency and growth.
B2B MarketplacesHealthtechSaaSCiudad De La Plata
Guido Stefani(President and Director)inFederico Eckell(Federico Eckell is a Secretary and Treasurer of the Issuer.)inGaston Stefani(Director)Santiago Schettini(Director)Jorge Pablo Brito(Director)
Co-investorsBroom VenturesFJ LabsLatitud Ventures
A platform offering local experiences to users, with country-specific options for Mexico and Colombia.
ConsumerMarketplaces
Tatiana Fontalvo(Founder)in
Co-investorsBroom VenturesFrubanaTenacity VenturesWill Ventures
Kalto was a Mexico City B2B fintech for Latin American SMBs—bill pay, collections, budgets, and working-capital credit.
Mexico City, MX
Dan Pinchasi(Co-Founder & CEO)inJoel Liurner(Co-Founder & CPO)in
Co-investorsKaszek VenturesPICUS CAPITALQED InvestorsLatitud Ventures
Karrot is an AI-native retail operating system that combines POS, multi-store inventory, transfers, suppliers, e-commerce, marketplaces, loyalty, promotions, gift cards, and accounting in one real-time platform.
AI & Machine LearningRetail TechSaaS
Co-investorsAmador Holdings
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Maquila is a digital agency that combines strategy, design, and technology to build websites and applications, user interfaces, and data-driven growth strategies for brands.
AI & Machine LearningMarketing Tech
Mexican B2B marketplace connecting Latin American SMEs to Asian manufacturers for cross-border sourcing and logistics.
Co-investorsValor Capital GroupBold Capital PartnersBrand CapitalFreestyle CapitalHTwentyIndustry Ventures+3 more
Meru operates an online marketplace connecting mechanics in Latin America with automotive aftermarket suppliers and parts dealers.
Enterprise SoftwareFintechMarketplacesMexico City, MX
Manuel Rodriguez Dao(Founder)inVirgile Fiszman(Founder)inFederico Moscato(Founder)inEduardo Mata(Founder)in
Co-investorsEmles Venture PartnersFJ LabsY Combinator0BSBold Capital PartnersBrand Capital+9 more
Nara provides AI agents that handle customer inquiries and sales interactions on websites and social media for small and medium-sized businesses, offering product recommendations and round-the-clock availability.
AI & Machine LearningEnterprise SoftwareSan Francisco, US
Angela Castillo(Founder)inFelipe Abello(Founder)inOscar Rojas(Founder)in
Co-investorsY CombinatorFirst Close PartnersForum VenturesMagma Partners
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Neivor offers property management software for the Mexican real estate sector, centralizing payments through SPEI, unique CLABE, card, Apple Pay and Google Pay with automatic reconciliation.
AI & Machine LearningFintechPropTech
Cate Castillo(Founder)in
Co-investorsMagma PartnersTwo Culture CapitalAmadeus Capital PartnersSoftbank Latin America Fund
Netdata builds monitoring and observability software designed to simplify operational visibility for engineers and system operators.
Cloud ComputingData & InfrastructureDeveloper Tools
Co-investorsBain Capital VenturesBessemer Venture PartnersCota CapitalUncorrelated VenturesBain CapitalMarathon Venture Capital
Prima provides structural steel services covering the full Division 5 scope, including engineering, detailing, fabrication, delivery, and erection support for industrial infrastructure.
Advanced ManufacturingConstruction TechMexico City, MX
Patricio Servitje(Founder)inDaniel Autrique(Founder)inJuan Pablo Ramos(Co-Founder (Co-CEO in Endeavor coverage))in
Co-investorsAcrew CapitalK50 VenturesNazcaNXTPPICUS CAPITALQuona Capital+4 more
Seeri offers a platform that centralizes a company's data in one place and provides AI-applied automation and optimization of business processes.
AI & Machine LearningData & InfrastructureEnterprise SoftwareBogotá, CO
Felipe Racines(Founder)in
Co-investorsOpera VenturesHTwenty
Sproutfi is a Latin American investment platform that lets users buy US stocks and ETFs with minimal capital requirements and no fees, while connecting investors through social features for idea-sharing and learning.
FintechSão Paulo, BR
Tyler Richie(Founder)in
Co-investorsFirst Check VenturesWavemaker PartnersY CombinatorGeometryHOF CapitalInvesto Capital+5 more
Domun is an e-commerce platform that enables merchants to create, manage, and automate online stores from a mobile interface.
E-commerceMarketing TechSaaSBogotá, CO
Joaquín Serrano(Founder)Oscar Arellano(Founder)inYerson Cacua(Founder)
Co-investorsAlter GlobalClocktower VenturesOpera VenturesStreamlined Ventures
An online marketplace offering a wide range of products including packaging materials, industrial safety equipment, home and kitchen supplies, tools, electrical systems, hardware, paint, automotive parts, and other industrial and consumer goods.
B2B MarketplacesE-commerceMarketplacesBogota D.C., CO
Enrique Villamarin Lafaurie(Founder)inJuan Carlos Narvaez(Executive Officer, Director)Enrique Villamarin(Executive Officer, Director)Eric Reiner(Director)inFelipe Villamarin(Director)Nicolas Villegas(Executive Officer, Director)
Co-investors8VCAlleyCorpAvenir Growth CapitalCapria VenturesCoatue ManagementFoundamental+25 more
Cross-border platform automating operations for the emerging private debt market with built-in regulatory infrastructure.
Fort Worth, US
Todd Hodnett(Executive Officer, Director, Promoter)Shawn Smith(Executive Officer, Director, Promoter)
Co-investors30N VenturesAndreessen HorowitzBYMA VenturesClocktower VenturesLatitud VenturesMAYA Capital Ventures+6 more
Commission-free trading app focused on Latin American users accessing US stock markets.
Co-investorsAlleyCorpCapria VenturesNazcaTamarack GlobalalboAlley Robotics Ventures+6 more
Welbe is a corporate health platform that integrates a national medical network, telemedicine, an app, and a data portal to help companies manage employee health as a measurable preventive strategy.
Digital HealthHealthtechHR Tech
Co-investorsHTwentyIKJ CapitalNazcaParceiro VenturesBridge LatamIFC+4 more
Wonder Brands develops and sells essential household consumer products across Latin America, using an online-first omnichannel model with in-house design, sourcing, and supply chain control.
ConsumerDirect to ConsumerE-commerce
Matias Casoy(Founder)inFederico Malek(Founder)inNicolás Gonzalez Luna(Founder)in
Co-investorsFlucas VenturesHi VenturesKube VCNazcaQED InvestorsALLVP+5 more
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
Rurall
Exits · 3
3 acquisitions · showing 1Kaltoacq. by Tiendanube
Frequently asked questions
- How many investments has Marathon Ventures made?
- Marathon Ventures has 29 tracked investments, 3 of which have exited.
- What stage does Marathon Ventures invest at?
- Marathon Ventures invests at the Pre-Seed, Seed stages.
- What sectors does Marathon Ventures focus on?
- Marathon Ventures focuses on AgTech, B2B Marketplaces, Construction Tech, Creator Economy, E-commerce, Energy, Enterprise Software, Fintech, FoodTech, Hardware, Healthtech, Logistics & Supply Chain, Marketplaces, PropTech, Retail Tech, SaaS.
- Who does Marathon Ventures co-invest with?
- Marathon Ventures most often shares deals with Nazca, FJ Labs, Kaszek Ventures, among 48 tracked co-investors.
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